President approves cancellation of duties on wheat and corn exports

2011-10-20 17:27:12

Ukrainian President Viktor Yanukovych has approved amendments to the Tax Code of Ukraine and the law on export duties on certain types of grain crops.As reported, on October 7, 2011, the Verkhovna Rada passed a bill approving export duties on certain types of grain crops.

In particular, the parliament cancelled duties on wheat and corn exports. Duties on exports of grain crops were introduced from July 1, 2011.The state feared that a significant amount of grain would be exported from the country because of too high prices in the world.